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Today In Retail: FedEx Concludes ShopRunner Acquisition; Save A Lot Sells 51 Stores To Fresh Encounter

PYMNTS

In today’s top retail news, FedEx Corp. concluded its previously announced purchase of ShopRunner, while Save A Lot unveiled the sale of 51 stores run by the company in the Tampa, Florida market to Fresh Encounter. The service connects more than 100 brands and retailers to shoppers. FedEx Wraps Up ShopRunner Purchase.

Tampa 188
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7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. Louis, Missouri; and Tampa, Florida. We’re always looking to innovate and disrupt,” Singh said. Customers can place their beer orders via the 7Now app.

St. Louis 129
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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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How Ghost Kitchens Are Altering The QSR Landscape

PYMNTS

And in Tampa, a family of local eateries called Frenchy’s Restaurants plans to launch its Frenchy’s To Go concept. The new law would require most retail outlets to accept physical currency. DoorDash commands 35 percent of the third-party delivery market. QSRs are incorporating the technology into their business models.

Tampa 134
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Amazon Takes On Best Buy With Its Take On The Geek Squad

PYMNTS

Amazon is taking on Best Buy in the home installation and service market where Geek Squad has dominated by quietly rolling out its own service unit. After all it is very apt at entering a market and dominating it.

Las Vegas 101
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Why Grocers Are Providing Fresh Options For Digital Omnicommerce Shopping

PYMNTS

Omnichannel features are becoming more crucial as tech-savvy millennials gain more spending power and influence, according to the PYMNTS Enterprise Retail Grocery Report. Nearly 17 percent of consumers say having the ability to scan and pay with a mobile phone is the most important factor when choosing a grocery retailer.

Seattle 139
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BS: Focus On Execution First

Jeff For Banks

She ends the article with this bromide: "In short, encourage innovation, begin with execution, and name the strategy later." For example, should branch managers have small business banking in their curriculum, or retail wealth management? The corollary being that stupid leaders focus on strategy first. To which I say: b t!